News Detail - DIC Assets

DIC Asset AG purchases Ruhr Portfolio with 15 properties

DIC Asset AG / Miscellaneous

Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

The Frankfurt-based property investor DIC Asset AG has now acquired a portfolio of 15 properties from Häusser-Bau in Bochum with a total usable area of around 95,000 sqm. The total investment volume is around EUR 123 million. The Ruhr Portfolio primarily consists of office and retail trading properties, which are almost exclusively within the Ruhr region, with several properties located in Bochum.

The properties are in good inner-city locations and around 90% of them are let. The best known properties are the Stadtbadgalerie in Bochum's inner-city and the civic center Gelsenkirchen.

The majority of the long-term leases ensures a solid cash flow base for DIC Asset AG. Attractive value-added potentials can be achieved on several properties through restructuring and re-lettings.
DIC Asset AG/Investor Relations
Stephan Gramkow
Grünhof · Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon. (069) 27 40 33-10
Fax (069) 27 40 33-70

DGAP 26.06.2006 

Language:     English
Issuer:       DIC Asset AG
              Eschersheimer Landstr. 223
              60320 Frankfurt Deutschland
Phone:        069 / 274033-0
Fax:          069 / 274033-69
ISIN:         DE0005098404
WKN:          509840
Indices:      S-DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart, Düsseldorf  
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